CZ Gave a Clear Answer to the Claims Regarding Aster

The **Aster** altcoin, which has attracted the attention of crypto investors and traders, has experienced a rapid rise in recent days. This rapid rise became even more interesting with the statements made by **Changpeng Zhao** (CZ). CZ, the founder of Binance, clarified his relationship with Aster in a statement on the social media platform X, using the phrase, 'I am only an advisor.' This statement debunked rumors circulating in the crypto community that there was a direct relationship between Aster and CZ.

In recent days, information that some former Binance employees are part of the Aster team and that **YZi Labs** is a minority shareholder in the project has led to discussions among investors and community members. Following these developments, some people thought that CZ had joined the Aster team. However, CZ stated during the relevant Spaces broadcast that he is not part of the Aster project's team. This provided significant clarity for investors and the general community.

CZ acknowledged that Aster is in competition with Binance in terms of product; however, he emphasized that this competition would benefit the **BNB** (Binance Coin) ecosystem in the long run. Aster's decentralized perpetual exchange model is attracting a young and dynamic investor base. CZ stated that his presence as an advisor in the project could allow this competition to take place on a healthier ground.

CZ's statements resonated greatly among investors and the crypto community. Aster's recent rise and the interest of crypto investors brought claims related to its Binance past further to the agenda. CZ's emphasis on being 'only an advisor' holds great importance for investors in both the Binance and Aster ecosystems.

In conclusion, investors need to carefully monitor the Aster project and CZ's future moves. The relationship between Aster's price and BNB's performance could play a key role in shaping investment strategies. Therefore, it is important for investors to closely follow developments related to both projects.